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March 30, 2023
Question

Where do I enter information for Form 1065 or a K-1?

  • March 30, 2023
  • 1 reply
  • 0 views
Somehow entering it under rentals and royalties doesn't seem right.

1 reply

March 30, 2023

No, entering it directly on Schedule E is not correct. I am assuming you have a Schedule K-1 (1065) that you need to enter in your individual tax return. 

 

To do enter your K-1 in TurboTax:

 

 

  1. Open your return, select Federal then Wages & Income.
  2. Scroll down to S-corps, Partnerships, and Trusts, expand the section. 
  3. Click Edit/ Add to the right of Schedule K-1.
  4. Answer the first question Yes.
  5. Click Start to the right of the first option, Partnerships/ LLCs (Form 1065). 
  6. Continue through the section to report your Schedule K-1. 

 

If you are actually trying to prepare a Form 1065 with K-1s, you need to use TurboTax Business to do that. Click here for more information. 

 

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